NonprofitsThe Hopeless Foundation

Arts, Culture & Humanities

The Hopeless Foundation

VAN NUYS, CA

Total revenue

$153K

Total expenses

$82K

Net assets

$370K

Grants received

EIN

383777239

Tax year

2024

Mission

The mission of the Foundation is to bridge musicians with their fans through the issues that touch their hearts. The Foundation was created with the realization that music touches the lives of young people in ways directly connected to their passions, identities, and lifestyles becoming part of who they are as human beings. Music transcends our differences, bringing diverse young people into a positive and collaborative communities. Additionally, young people are eager and passionate about critical issues that face their communities and humanity. The Foundations mission is to connect young people through music to organizations and resources where they can make a difference.From health issues (depression, suicide prevention, AIDS) to conservation (global warming, wildlife conservation) to conflict resolution (gang prevention, community centers), just to name a few, young people are inspired by music to get involved and make a positive impact on the world. With the information, tools, an

Financials

FY 2024

Revenue

Contributions & grants$139K
Program service revenue
Investment income$14K
Other revenue
Total revenue$153K

Expenses

Grants paid$41K
Salaries & benefits$30K
Fundraising
Other expenses$11K
Total expenses$82K
Total assets$371K
Net assets$370K

People

3 listed

NameRoleCompensation

Louis D Posen

President

Board

2 hrs/wk

Jo Ann Oster

Secretary

Board

1 hrs/wk

Ben Posen

CFO

Board

1 hrs/wk

Details

EIN383777239
NTEE codeA12
Subsection03
Ruling date2008-05
Formed2008
Employees0
THE HOPELESS FOUNDATION — Mission, Financials & Grants Received | Grantivo